The Australian Government is building a new gas power plant in the Hunter Valley, which will create jobs, keep energy prices low, improve energy security and help reduce emissions.
This project delivers on the government’s 1,000 MW target set in September 2020, which was created to avoid unacceptable price increases following the closure of the Liddell power station in 2023.
In the 2021-22 Budget, the government committed up to $600 million for Snowy Hydro Limited to construct a 660 MW open cycle gas turbine at Kurri Kurri in the Hunter Valley.
The Hunter Power Project will deliver an important economic boost to the region, creating up to 600 new jobs during peak construction and 1,200 indirect jobs across NSW.
The Hon Angus Taylor MP, Minister for Energy and Emissions Reduction, said the government had given the private sector every opportunity and is fulfilling its promise to deliver the cheap, reliable power that NSW households, businesses and industries needed to prosper and grow.
'Cheap power is crucial to ensuring families, businesses and job-creating industries in NSW can thrive, which is why we are committed to replacing the energy generated by Liddell to keep prices down,' the Minister said.
'This important project is good news for NSW as well as the broader National Electricity Market.'